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Daily Pivots: (S1) 144.28; (P) 144.92; (R1) 145.61; More… Outlook in USD/JPY is unchanged. Intraday bias remains neutral and further fall is in favor with 146.47 minor resistance intact. Break of 143.43 will bring retest of 141.67 low. Firm break there will resume the whole fall from 161.94 to 140.25 support next. On the upside, […]

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29/06/2024

EUR/USD Weekly Outlook

EUR/USD’s consolidation form 1.0667 continued last week and outlook is unchanged. Initial bias remains neutral this week first and further fall is expected with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Firm break of 1.0667 will target 1.0601 and below. However, decisive break of 1.0760 will […]
15/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8554; (P) 0.8573; (R1) 0.8605; More…. Intraday bias in EUR/GBP is turned neutral first with current retreat, and more consolidations could be seen below 0.8624. But outlook stays bullish as long as 38.2% retracement of 0.8382 to 0.8624 at 0.8532 holds. Firm break of 0.8624 will resume the rally from 0.8382. However, […]
16/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8525; (P) 0.8539; (R1) 0.8551; More… Outlook in EUR/GBP remains unchanged as range trading continues. Intraday bias stays neutral at this point. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting […]